EURUSD - Upward trend will continue, Long trade by market price recommended
March 19, 2019 9:40:05 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.1425)
+80 p
1.1425
Target 1
1.1345
Entry
-90 p
1.1255
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- The price moved lower into the accumulation of sellers and formed an ascending trampoline. The target of the trade is set at 1.1425, which corresponds to the top point of the sellers' accumulation.